Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$322,790$225,241
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.400%
Blended rate6.870%7.640%
1st payment$2,089.01$1,559.52
2nd payment$0.00$0.00
Taxes / mo$428.75$428.75
Insurance / mo$150.00$150.00
MI / mo$154.36$45.05
HOA / mo$155.00$155.00
Total monthly$2,977.12$2,338.32
Cash to close$0$25,027